
Cook onion in 1 tablespoon butter in a pot over moderately low heat, stirring, until softened. Add chard stems and nutmeg; cook, stirring, until vegetables are tender, about 8 minutes. Increase the heat and add the leaves in large handfuls, stirring, until all of the greens are wilted. Season with salt. Transfer the greens to a colander and press out liquid.
Simmer milk and garlic in small saucepan; keep warm. Melt 1 tablespoon butter over moderate heat and stir in flour. Cook, whisking, for 1 minute, then slowly whisk in milk and boil, whisking, 1 minute. Season with salt.
From Smitten Kitchen.
You can sub in 1 teaspoon dried thyme in place of the fresh thyme. You can sub in other cheeses, but pick something flavorful.